V

Ventilation

Ventilation is essential for all buildings because it helps to disperse moisture caused by cooking, bathing and cooking.  It helps prevent a number of problems, such as: The build up of condensation on indoor surfaces Compensation inside roof spaces The development of rot on...

Variation

A variation is an alteration to any construction work or a change in the way in which it is carried out. This needs to be recorded in the contract so that this is kept up-to-date.  During a conveyancing procedure, the buyer or the seller of a property may request certain changes to any...

Vendor

The legal owner of a property being put on the market is known as a vendor. The vendor is not under any legal obligations until the contracts have been exchanged....

Vacant Possession

A part of the Sales Contract is the requirement to give 'vacant possession'.  The general contract sets out a time of 2pm for formal vacant possession of the property to be handed over to the new purchasers.   However, it is not unusual for contract time to be amended (particularly when...